Markray Corp (RVBR)

[eik]

I have walked through RVBR financial reports (starting 2014). It's a mess (if we talk about shares count): issued, transferred, cancelled,... I believe Russians lied about restrictions as they always do (for example, you can't transfer restricted shares like they did many times). So, whatever they own at this point they can sell. Anyway, the current number of outstanding shares seems to be correct: 565,409,893 (I checked with TA), and David Brown (through Universal) owns 517,133,405 restricted shares which will become tradeable at the end of this year. I don't know what are his plans for this new "holding company" which currently is just laundry - well overpriced. Russian crew has long history of involving foreigners in their schemes ("directors", "vice presidents", "CFOs") starting with Gerald Parkin, and ending Aleksandra Korogod. Brown's role is unclear at this point. Why hasn't he bought some clean shell instead of dirty RVBR? First real PRs will show whether new Director is a part of old team. I hope we are not going to see listing in Frankfurt, multi-million buyout offers, dividend announcements, increase of authorized shares count for "acquisitions", reverse split, or something like this. And, of course, they don't have much time to pay Delaware tax - interest is growing fast. This is the first test for new Director. There is no sense to pay tax if you are going to dump your shares when they become unrestricted. Until State taxes are paid in full all this looks like old Markray.
FWIW.